Wednesday, October 3, 2012

Smart ForTwo Electric Drive will be cheapest EV at $25,000*

2013 Smart ForTwo Electric Drive with sculpture

We're getting our first drive in the 2013 Smart ForTwo Electric Drive today, and Smart just announced pricing for the latest version of its all-electric minicar. The starting price for the ForTwo ED Coupe will be $25,000 (*plus delivery fees), making it the lowest price electric vehicle in the U.S. from a mainstream automaker and that doesn't even include the available $7,500 federal tax credit.

With the tax credit figured in, the starting price works out to $17,500. Add in the required $825 destination charge and up to $2,200 for a home charger, and the 2013 ForTwo ED Coupe will essentially start at just $20,525 $1,100 cheaper than the Mitsubishi i-MiEV. Of course, customers who already have home charging stations can save even more. Smart has said that it will offer two different home chargers that range in price from $1,300 to $1,700, and it is estimating installation will cost somewhere in the $300 to $500 range.

While we do know the starting prices for the new ForTwo ED, options and lease prices have not been announced. For comparison, the previous-generation ForTwo ED had a lease price of $599 a month.

Scroll down for more information on the 2013 Smart ForTwo ED, and look for it in dealers this spring.
Via: Smart ForTwo Electric Drive will be cheapest EV at $25,000*

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